... ANZ and NAB abolished its exit fees. This was a great PR move given the Australian Securities and Investments Commission (ASIC) has only recently laid out new guidelines on what banks can charge home loan customers when they switch to rival lenders. ...
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... Commission has been watching closely. "Dual pricing", as it is sometimes called, is not limited to online accounts. A review by ASIC of the term deposit market found that seven out of the eight deposit-taking institutions were guilty of dual pricing. ...
... complex investment products, not bank deposits, warns the regulator, the Australian Securities and Investments Commission (ASIC). As these products grow in popularity with investors seeking a safe haven to preserve their money, ASIC has reviewed 64 product ...
... the Australian Securities & Investments Commission. "Some offer 20% a year, others go for 300% a year or even more," says ASIC. Not only do they offer huge returns, they often say that the risk is low! So remember: higher returns always equal higher ...
... if faced with a contract term it believes to be unfair to consumers." The Australian Securities & Investments Commission (ASIC) has law enforcement and consumer redress powers with regard to these new laws. "Under the legislation, a term will be regarded ...
... out your loan within the first five years. A report on exit fees by the Australian Securities and Investments Commission (ASIC) found that Aussies pay nearly five times more to switch their lender than home owners in the US and Britain. That same report ...
... other institutions engaging in dual pricing - rolling your investments over to a lower rate term deposit when it expires. ASIC has found that institutions are advertising high rates on some of their term deposits and maintaining low rates on others. ...
